joel.francis.7351
Par 100 posts (V.I.P)
Exit Strategy or as we call it - Plan Z is vital to know what you would do, if you have to bid goodbye to your startup. There’s nothing wrong in it, nothing downgrading in it. It’s good to be motivated and think positive about your startup, but it’s also wise to know the point where the show might end. It’s something like how good gamblers know when to bow out if a wager is not paying off.
In fact, having a Plan Z helps you to take a calculated risk. There are many motivating instances where startup founders realized after a year, or sometimes two (depending on the amount of risk and debt they were willing to take) to quit. To let you on to the positive aspect of it, these startup founders were immediately absorbed by other startups for the knowledge and experience they could bring to the table.
In fact, having a Plan Z helps you to take a calculated risk. There are many motivating instances where startup founders realized after a year, or sometimes two (depending on the amount of risk and debt they were willing to take) to quit. To let you on to the positive aspect of it, these startup founders were immediately absorbed by other startups for the knowledge and experience they could bring to the table.